I started with nearly the same equipment unclesonny, a Squier Black and Chrome Standard Stratocaster and a Peavy Vyper 15w modeling amp. After finishing the fundamental courses, I got it set up professionally, and it played even better. Anyway, I'll look anyone in the eye and say that for the money you cannot beat a Squier. I thought I'd get something a little bit better than a wal-mart toy when I ordered this thing. I got a VERY well made guitar that I firmly believe is worth much more than the 200 I paid.

Razbo is right, there are alot of folks out there that are gear snobs. If you don't lay down 1000 for an American Standard and have a marshall full stack then it is somehow a cheap toy. Kinda like folks in a Ferrarri 420 saying a Corvette isn't a real sports car because it isn't Italian. Hogwash.

BTW, when you get to the point you want to fiddle around with effects, I recommend a BOSS Overdrive/Distortion Pedal. It sounds fantastic with my Squier/Peavy set up.